St. Paul, Minn. | October 13, 2022 – Drake Bank welcomes Stacy Arnold as assistant vice president loan operations officer. Arnold has over 20 years of community banking experience in her previous roles at Luminate, Old National Bank, and KleinBank. Additionally, Arnold has extensive loan operations and processing experience and knowledge. In her role at ...
Drake Bank has promoted Laura Gevik to executive vice president, chief operations officer. Gevik joined the Bank in May 2020 as senior vice president, chief operations officer. Gevik will continue to oversee the Bank's audit, BSA, compliance, deposit operations, finance, human resources, marketing, and project management functions. Drake Bank has promoted Tegan Dornink to credit ...
Buy now/pay later loans boomed during the pandemic as BNPL fintechs introduced a turnkey way for consumers with little or no credit to make purchases online, creating a phenomenon that continues to have major repercussions. Some setbacks have cropped up for big BNPL fintechs like Affirm and Klarna, which have undergone sharp market devaluations in ...
B Generous has launched Donate Now, Pay Later, a donor-focused fundraising loan tool that enables funders to designate philanthropic donations that are immediately given to a nonprofit, but paid for by the funder over time. For tax purposes, funders are given a receipt for the lump-sum donation. Read More
Tech startups have many traits that set them apart from larger, more traditional businesses. Lean operations and a focused approach to meeting the needs of customers has become a proven strategy for tech startups, showing that breaking out of the mold is worth the extra effort it requires. Adopting the habits and flexible mindset of ...
St. Paul, Minn. | September 14, 2022 – Drake Bank announces its partnership with B Generous and the launch of Donate Now, Pay LaterTM (DNPL), a revolutionary new fintech allowing donors to make contributions to their favorite nonprofits through a Point of Donation LoanTM (PoDL). This proprietary philanthropic credit product allows nonprofits to receive donations ...
Life has a funny way of throwing us curveballs when we least expect it. While no one can predict what might happen, you can prepare for potential emergencies. The more prepared you are for future curveballs, the easier it is to get through them without too much stress. Preparing financially will help give you more ...
Conversation with Dom Kalms, the CEO and Founder of B Generous. B Generous allows for donors to donate now, and pay later. We discuss how this technology works, how nonprofits get money upfront and donors are allowed to pay back the loan interest-free over 9 months. There are new giving opportunities that are opened up ...
It’s no surprise that charitable giving is down in the US right now -- not when high prices have diverted consumers’ attention and dried up possible sources of donation cash. Just how bad is the U.S. charitable giving drought? Consider that fewer than half of all U.S. households give to charity, falling from 66% in ...
Let's say you want to donate to a nonprofit that's meaningful to you. But you don't have the extra funds to do it now. So, you might wait until later in the year or not donate at all. A new fintech platform has created a way for you to donate and then pay the commitment ...